PIGS

The idea that the peripheral countries were the authors of their own destruction continues to exist at European level. However a closer examination of the facts shows this is not the case, and an urgent reprioritisation of EU policies is needed.

Contrary to what some neoliberals may claim, successive Portugese Governments have followed sound fiscal policy in order to bring their country into line with Eurozone requirements. However, the austerity being imposed on Portugal by the EU runs the risk of undoing decades of progress, and isolating Portugal from the European economy.

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